Form 4 Filing for Fortive Corp
This filing reports on Form 4 for Fortive Corp, detailing a transaction by Mark D. Okerstrom, SVP - Chief Financial Officer. The transaction involved the accrual of 3.627 notional shares in the Executive Deferred Incentive Program (EDIP) - Fortive Stock Fund, with a value of $63.60 per share. These notional shares represent dividend accruals on phantom shares within the EDIP. The reported securities are notional dividend accruals on phantom shares in the Fortive stock fund. The number of phantom shares accrued is based on the closing price of Fortive's common stock on the date of accrual. These notional shares convert on a one-to-one basis. The reporting person vests in 100% of voluntary contributions immediately. Vesting for issuer contributions occurs under specific conditions related to death, retirement, or years of participation, with settlement in common stock upon termination of employment. Okerstrom holds 3869.03 shares post-transaction.